Core Viewpoint - The defense and military industry sector experienced an unexpected decline on August 1st, with the ETF (512810) dropping to a low of 2.2%, marking a three-day consecutive decline and falling below the 10-day moving average [1] Group 1: Market Performance - The defense and military sector ETF (512810) saw a cumulative decline of 0.74% over the week, ending a five-week streak of gains, despite a significant trading volume of 4.86 billion yuan, the highest in nearly 11 weeks [2][3] - The ETF recorded a trading volume of 1.11 billion yuan on August 1st, indicating high market activity and strong buying interest despite the price drop [1] Group 2: Sector Dynamics - The recent pullback in the sector is attributed to market sentiment, technical corrections after consecutive gains, and profit-taking ahead of the "August 1st" expectations, while the underlying investment logic remains robust [3] - Key factors supporting future growth include the upcoming military parade, ongoing geopolitical tensions sustaining military trade, and the critical delivery phase of the military's 14th Five-Year Plan, with expectations for accelerated order releases in the third quarter [3] Group 3: Stock Performance - Among the component stocks, 57 declined while 23 rose, with notable declines in ground equipment stocks, particularly North Navigation, which fell by 7% [4] - Major stocks like AVIC Shenyang Aircraft Corporation and China Shipbuilding Corporation also experienced declines of 3.89% and 1.31%, respectively, while Longcheng Military Industry saw a significant fluctuation of 14.85% [4] Group 4: ETF Characteristics - The ETF (512810) encompasses both traditional and emerging military capabilities, covering various hot topics such as commercial aerospace, low-altitude economy, large aircraft, deep-sea technology, military AI, and controllable nuclear fusion [5] - The ETF underwent a share split in June, reducing the investment threshold by half, allowing investors to access core military assets for under 70 yuan [5]

究其缘由，可能在于，近日回调更多是受大市情绪、连涨后的技术性回调及博弈"八一"预期的资金撤离 等因素影响，板块本身的投资逻辑仍坚挺，后市利好因素仍多。具体来看，重点关注以下几方面： 其一，九三大阅兵临近，阅兵行情或可期待。 其二，地缘政治持续扰动将维持军贸高景气，中国高性价比装备出口具备明确的增长预期。 "八一"当日，国防军工板块意外走低，领跌全市场！代码有"八一"的国防军工ETF（512810）最低跌至 2.2%，场内收跌1.75%三连阴，失守10日均线。 场内交投高度活跃，成交额达1.11亿元，为近2周次高。从场内溢价交易频率来看，买盘资金更为强 势，资金逢跌吸筹迹象明显。而此前4日，512810已连续吸金合计近1亿元。 | 序号 | 代码 | 名称 | 现价 | 涨跌幅 | 振幅 | 成交额 ▼ | 总市值1 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 601606 | 长城军工 | 35.30 c | 1.79% | 14.85% | 58.79亿 | 2561Z | | 2 | 002265 | 建设工业 | 36.62 c | - ...